News

Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note

Black Americans, the group with the highest jobless percentage in the country, saw their jobless rate dip to 5.2% in December from 5.8% in the previous month.

Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

New rules in the U.K. require crypto companies to make clear to users the risks involved in trading cryptocurrencies and advertise their services responsibly.

BYD's five best-selling cars, including one edging out Tesla's Model Y in China

While Tesla's Model Y was the best-selling purely battery-powered car in China for the six months ending in November, BYD accounted for four of the top 10.

State-run 'auto-IRA' programs aim to close retirement savings gap

Seven states are enrolling workers in so-called auto-IRA programs to address a gap in 401(k) coverage and savings. More are scheduled to come on line.

Cliff Asness' AQR Absolute Return fund gains 18.5% in 2023, boosted by value picks

Cliff Asness' longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees.

Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500

Billionaire investor Ken Griffin's various hedge fund strategists all posted double-digit returns for 2023, but they failed to beat the broader market.

Fat Cat Thursday: UK CEO pay already exceeds average worker salary for the year

By 1 p.m. London time on Thursday, the average FTSE 100 CEO will have earned more this year than the median full-time worker's annual salary.

Alibaba was once a Wall Street darling. After plunging 75% over three years, what's next?

It's been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.

Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high

It's a level not seen since George W. Bush was president. Bianco Research's Jim Bianco sees the 10-year Treasury yield hitting 5.5% this year.

Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show

The Federal Reserve on Wednesday released minutes from its Dec. 12-13 policy meeting.

The Fed is expected to cut interest rates in 2024. Here's how investors can prepare

The U.S. central bank expects to cut rates three times in 2024. Investors can lock in CD rates now, while bonds are poised for a pop.

Fed's Barkin sees likely soft landing ahead but notes rate hikes still a possibility

"We're making real progress," Barkin, a voting member this year on the rate-setting Federal Open Market Committee, said in prepared remarks.
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